The financial advice profession has again fallen by triple figures, recording a weekly loss of 126 advisers in the lead-up to the end of financial year, according to Wealth Data.
Australia’s strict regulatory definitions are hampering its development of financial advice versus other markets such as the US and UK, according to Vanguard.
In the final days of the financial year, Money Management reviews the number of charges made by ASIC against current and former financial advisers in the second half of 2021/22.
Companies looking to make acquisitions of financial advice firms are seeking those which have specialisations or a positive business culture rather than just a large client book.
New business for disability income insurance has grown 2.5% after reaching a 10-year low last year while the attrition rate has grown for the first time in nine years.
The financial advice profession has again fallen by triple figures, recording a weekly loss of 126 advisers in the lead-up to the end of financial year, according to Wealth Data.
Kaplan Professional has announced a second round of its Women in Finance scholarships, offering 10 scholarships funded by the Financial Planning Association of Australia.
There are two stocks in the healthcare and infrastructure space which could help investors gain defensiveness in their portfolio, according to T.Rowe Price.
ASIC has commenced civil penalty proceedings against Mercer Financial Advice for allegedly making false or misleading representations to its customers about fees charged and services that were not provided.
Australia’s strict regulatory definitions are hampering its development of financial advice versus other markets such as the US and UK, according to Vanguard.
Australian financial advisers believe their business will grow by 11% over the next three years, slightly more optimistic than the global average of 10%, according to research.
Despite ‘adviser exodus’ commentary, now is a good time to start a financial advice practice because there are more referral partners looking for an adviser, says the founder of Diverger Wealth.
The Authorised Representatives Association will merge with The Advisers Association on 1 July, 2022, after its members voted to close the 40-year old association.
The majority of ASX 200 companies are now disclosing detailed information on their ESG risks and their plans to manage them, according to research by the Australian Council of Superannuation Investors.